Hal and Miranda have a general partnership business for landscaping projects. Hal makes a contract with a customer for a project one day while Miranda is absent and leaves on vacation the next day. Miranda does not feel she has the time to perform the contract for the customer. Which of the following is true? A. Only Hal is obligated to perform the contract. B. Miranda is obligated to perform the contract. C. Miranda may relinquish her obligation to perform the contract since Hal signed it without her knowledge.
Hal and Miranda have a general partnership business for landscaping projects. Hal makes a contract with a customer for a project one day while Miranda is absent and leaves on vacation the next day. Miranda does not feel she has the time to perform the contract for the customer. Which of the following is true? A. Only Hal is obligated to perform the contract. B. Miranda is obligated to perform the contract. C. Miranda may relinquish her obligation to perform the contract since Hal signed it without her knowledge.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Hal and Miranda have a general
A. Only Hal is obligated to perform the contract.
B. Miranda is obligated to perform the contract.
C. Miranda may relinquish her obligation to perform the contract since Hal signed it without her knowledge.
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